Post Profile

A sign at Occupy Wall Street, November 2011. (Jagz Mario / CC BY-SA 2.0)
Student debt is an industry worth $140 billion a year. And it got that way because the federal government relinquished control of—and then much of its power to oversee—the student loan program.
For Albert Lord, a 70-year-old former accountant who became one of the highest-paid executives in Washington, student loans have been a road to riches.read more

share

Related Posts

Occupy Wall Street may be an amorphous, platform-free movement. But as the protests that began in New York in September have spread across the United States, and the world, one clear issue of concern has emerged: student loan debt.

Student loan debt is now one of the Obama Administration's biggest cash cows. The government is poised to pocket a record $51 billion profit from federal student loan borrowers this year, according to a report by the Congressional B...

A Wall Street Journal editorial blamed the federal government for an increase in student loan debt, ignoring higher levels of college enrollment and the effects of the economic downturn.
The Journal attributed an increase in student...

(KitAy)
Student loan debt has exceeded credit card debt in the United States for two years. Now, another unpleasant milestone:
The amount of student loans taken out last year crossed the $100 billion mark for the first time and tota...

Strike Debt, an offshoot of the Occupy Wall Street movement, announced yesterday that it has abolished $4 million worth of student loan debt as part of its Rolling Jubilee program. The group was able to purchase the debt for around ...